WEST PALM BEACH, FL--(MARKET WIRE)--Jul 12, 2007 -- IQ Micro Inc. (OTC BB:IQMC.OB - News), exclusive licensor of patented electro-osmotic membranes and micro-pumps for the rapidly emerging microfluidic technology sector, announced today that Lifecare AS, a Norwegian R&D company currently being acquired by IQ Micro, has been awarded a $2 million grant from the Research Council of Norway to develop the Company's proprietary glucose monitoring sensor.